East India British Trade Dollars - Get your East India British Trade Dollars first at APMEX. These coins are inspired by the original Silver British Trade Dollar that was issued at a time when trade in the East needed a medium of payment. The Silver price disturbed trading and resulted in a very serious shortage of minted dollars.
Silver British Trade Dollar
It became necessary to produce a special dollar for trading in the British Colony when the price of Silver rose rapidly in value between 1875 and 1895. To overcome the threat of a currency famine, The Royal Prerogative of the English sovereign gave approval in 1894 for the minting of a special British Dollar for general use in Far East Trade.
East India Silver Trade Dollar
These coins were given an Eastern look to help ensure acceptance by countries outside of British dominion. They also did not indicate a country of origin on the coin which helped allow them to circulate throughout China where they were readily accepted as a medium of exchange. To indicate that the coin was genuine, Chinese merchants would occasionally stamp the coins with a "chopmark" or "counterstamp" to indicate that the coin was genuine or perhaps to advertise their businesses. Chopmarks do not adversely affect the value of these coins in the secondary marketplace.
To view available East India British Trade Dollars, click on the image representing the Trade Dollar coins of your interest: